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Sri Lanka Treasury bill yields flat
Feb 25, 2009 (LBO) – Yields of Treasury bills stayed flat across maturities at an auction Wednesday, the government’s debt office said while bonds spiked amid foreign selling earlier in the day. The government sold 1.8 billion rupees of 3-month bills at a weighted average yield of 15.76 percent, 527 million rupees of 6-month bills […]
Sri Lankan stocks tumble
Feb 25, 2009 (LBO) – Sri Lankan shares lost 1.19 percent Wednesday with the indices dragged down by losses in heavyweights like Dialog Telekom after it reported a big loss in the December quarter, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]
Loan Slowdown
Feb 25, 2009 (LBO) – Sri Lanka’s DFCC Bank said group net profit for the December 2008 quarter rose 25 percent to 638 million rupees from a year ago but that earnings growth was slowing because of reduced lending and capital gains.Total group income for the December quarter rose 23 percent to 3.5 billion rupees […]
Sri Lankan Tamil war protester sets himself ablaze
CHENNAI, February 25, 2009 (AFP) – A Sri Lankan Tamil committed suicide by setting himself on fire to protest civilian casualties in Colombo’s military offensive against the Tamil Tiger rebels, Indian police said Wednesday.The Sri Lankan army claims to have driven back the rebels into less than 75 square kilometres (28 square miles) of jungle […]
Sri Lanka re-opens land route to Jaffna
February 25, 2009 (AFP) – Sri Lankan troops has opened the main highway to the northern Jaffna peninsula for the first time in nearly two decades after wresting the route from rebel control, the military said Wednesday.Government troops operated a food convoy Tuesday along the A-9 highway that had been under rebel control since 1990, […]
First Pakistan-Sri Lanka Test ends in draw
KARACHI, February 25, 2009 (AFP) – The first Test between Pakistan and Sri Lanka ended in a draw after some late excitement when the tourists lost quick wickets briefly raising hopes of an unlikely result here on Wednesday.The tourists averted defeat after losing five wickets for just 120 runs, finishing the match with the score […]
Younus falls for 313 as Pakistan steered to safety
KARACHI, February 25, 2009 (AFP) – Younus Khan fell for 313, agonisingly short of the national and world Test records, after steering Pakistan to safety in the first Test against Sri Lanka on Wednesday.Younus, who resumed at 306, played on to Sri Lanka’s Dilhara Fernando in the ninth over of the final day, disappointing the […]
‘s tax office back in business
Feb 25, 2009 (LBO) – Sri Lankan tax payers are being asked by the Inland Revenue Department (IRD) to continue to pay their dues, as the island’s tax office is operating as usual after last week’s Tamil Tiger air attack on its headquarters building. A government minister said the IRD’s tax data base had not […]
Sri Lanka cuts reserve ratio again
Feb 24, 2009 (LBO) – Sri Lanka has cut the statutory reserve ratio (SRR) or percentage of deposits commercial banks must keep with the central bank, by 75 basis points to 7.0 percent releasing 9 billion rupees of cash to the system.From September to December, Sri Lanka’s official reserves have halved from 3.4 to 1.7 […]
Sri Lanka shares end down
Feb 24, 2009 (LBO) – Sri Lankan shares ended weaker Tuesday on low volumes with tableware exporter Dankotuwa Porcelain falling after news that it had lost a big American export customer, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index eased […]
Quick Links
Feb 24, 2009 (LBO) – The disaster management capabilities of Sri Lanka’s regional government offices have been boosted with broadband services which will improve communications and decision-making, a United Nations agency said. “Before we had to physically meet and that was a costly and time consuming exercise,” said Mellawathanthri. “The ADSL connection and the webcam […]
Sri Lanka Tiger chief unlikely to surrender: defence chief
February 24, 2009 (AFP) – The elusive leader of Sri Lanka’s Tamil Tiger rebels is not expected to surrender despite losing his de facto state and may instead try to flee by boat, the country’s top defence official said Tuesday. Tiger chief Velupillai Prabhakaran, 54, could use a human smuggling ring to escape by boat, […]